From the perspective of China’s global geopolitics, the distant South America has become an important area for China’s foreign strategic cooperation. So, what are China’s strategic interests in South America? Some pointed out it is oil, others said it is China-South America geopolitical relations, while some said trade and markets. However, Anbound Think Tank believes that with the sharp drop in international oil prices, South America undoubtedly does not have a special advantage. South America is still the "backyard of the United States," and it will never become "China’s backyard", therefore geopolitical strategic interests cannot be reflected. This coupled with the collapse of Brazil’s and Venezuela’s economy, South American trade and market influence is also declining. Based on the current situation in China and around the world, China needs objectively re- assess its strategic interests in South America, to provide a rational analysis and support for decision-making in the future.